Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Bought by Clearbridge Investments LLC

Clearbridge Investments LLC increased its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 36.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,474 shares of the company’s stock after buying an additional 72,924 shares during the period. Clearbridge Investments LLC owned about 0.30% of Acadia Healthcare worth $18,605,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky grew its stake in Acadia Healthcare by 75.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 52,168 shares of the company’s stock worth $3,523,000 after acquiring an additional 22,465 shares during the period. Clearline Capital LP purchased a new stake in shares of Acadia Healthcare in the second quarter valued at $11,179,000. Algert Global LLC acquired a new position in Acadia Healthcare in the second quarter valued at $628,000. Lighthouse Investment Partners LLC purchased a new position in Acadia Healthcare during the second quarter worth about $588,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Acadia Healthcare by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 369,053 shares of the company’s stock worth $24,926,000 after buying an additional 955 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays cut their price objective on shares of Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $94.00 price target on shares of Acadia Healthcare in a research report on Friday, September 20th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $90.00 target price on shares of Acadia Healthcare in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.67.

Acadia Healthcare Stock Down 1.6 %

Shares of Acadia Healthcare stock opened at $55.80 on Friday. The company has a market capitalization of $5.18 billion, a PE ratio of -398.57, a P/E/G ratio of 2.19 and a beta of 1.29. Acadia Healthcare Company, Inc. has a 1-year low of $53.22 and a 1-year high of $87.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $73.81 and a 200-day moving average of $71.21.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $796.00 million during the quarter, compared to the consensus estimate of $784.38 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. As a group, equities analysts forecast that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current fiscal year.

About Acadia Healthcare

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.